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Gilead Sciences Inc. Message Board

  • finance.phil finance.phil Mar 28, 2014 2:34 PM Flag

    This is not specific to Gilead

    All 4 of Cramer's supposed "Four Horsemen of Biotech" (Gilead, Biogen, Regeneron and Celgene) are getting utterly smoked. They are all approximately 20% off their 52 week highs. This is a broader sell-off within the sector, it has very little to do with Waxman and his cronies who, in actual fact, have no means at their disposal at all to force Gilead to lower the cost of Sovaldi. That's the beauty of the free market system. Only competition will force Gilead into price revisions.

    I repeat, this is not company specific and subsequently represents a great opportunity to pick up shares in a best-of-breed biotech at heavily discounted prices. My advice is to wait until the volume drops, then load the boat

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